303 Morris Ave
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303 Morris Ave
2,900 SF Retail Building Donalsonville, GA 39845 $2,333,333 ($805/SF) 6% Cap Rate
Investment Highlights
- New construction completed in 2024; Burger King built-to-suit, Absolute NNN - no Landlord responsibilities
- 8.58% Average Cap Rate over term and options
- Strong operator; runs nearly 80 units from Florida's Panhanlde up through multiple GA markets with corp. guarantee
- New 20-year lease providing stable cash flow with annual increases every 5 years, and in options
- Limited competition; this is 1 of 4 national QSRs in Donalsonville, the only Burger King within 1.5 hours
- Target Demographics within 35 minutes: 87,475 residents, avg. HH income of $65,153, 47.5K employees
Executive Summary
CBRE is pleased to offer for purchase a fee simple investment in a new construction, triple net leased to Burger King on a 20-year base lease with 10% base rental increases every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,900 SF
Building Class
B
Year Built
2024
Price
$2,333,333
Price Per SF
$805
Cap Rate
6%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.10 AC
Amenities
- Corner Lot
- Restaurant
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Burger King
- Accommodation and Food Services
- 99,999 SF
- -
- Lorem Ipsum
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Burger King | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | D0090-00000-037-000 | Improvements Assessment | $0 |
Land Assessment | $30,775 | Total Assessment | $30,775 |
PROPERTY TAXES
Parcel Number
D0090-00000-037-000
Land Assessment
$30,775
Improvements Assessment
$0
Total Assessment
$30,775
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303 Morris Ave
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